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Definition
| a measrment of the likeihood that something will be lost |
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Definition
| the process of measuring risk and finding ways to minimize or manage loss |
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Definition
| An individual who relies on someone else for financial support. |
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Definition
| When you pay insurance policy. |
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Term
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Definition
| set amount of money to the insrance company on a regular basis. |
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Definition
| the amount you must pay before insurance begins to pay. |
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Definition
| pays for covered medical services after treatment is provided. |
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Definition
| a percentage of the service cost that patients pay. |
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Definition
| a person whose care requires a stay in a hospital. |
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Definition
| contract with specific doctors, hospitals, and other health care providers to deliver medical services and preventive care to memebers at reduce cost. |
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Definition
| a flat fee the patient must pay for medical services. |
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Definition
| a tex-advantaged savings account available to people enrolled in qulified HDHPs. |
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Definition
| refer to medical services that are not covered. |
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Term
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Definition
| an illness or an injury you had before signing up for health care insurance. |
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Definition
| a person or organization named by the policyholder to receive assets after the policyholder's death. |
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Term
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Definition
| provides protection only for a specific period of time. |
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Term
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Definition
| provides basic lifetime protection so long as premiums are paid. |
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Term
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Definition
| pays the face value of the policy to beneficiaries if the insured dies before the endowment period ends. |
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Term
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Definition
| an estimate of the current value of property. |
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Term
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Definition
| a decrease in the value of property as a result of age or wear and tear. |
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Term
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Definition
| coverage that protects you when you are responsible for an auto accident that results in the injury or death of other parties. |
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Term
| property damage liability |
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Definition
| protects you when you are responsible for an auto accident in which the property of others is damaged. |
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Term
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Definition
| elimininated the faultfinding process in settling claims. |
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